Consumption: Upgrading, or Downgrading?-March 28-Boao Forum for Asia

Session27

Consumption: Upgrading, or Downgrading?

Location: Yiyong Ballroom, Level 1, Dongyu Island Hotel
Time: 17:45 - 19:00
Description:

-There is a big debate about whether consumption is upgrading or downgrading. One one hand, the big fanfare about Pinduoduo, instant noodle and Moutai, coupled with a slowdown in retail growth and decline in car sales, seems to suggest that consumption is downgrading. On the other, a report by Bain shows that luxury sales in China is estimated at 23 billion euros in 2018, an increase of 18%. Chinese tourists has continued to flood the world and topped other countries in per capita overseas expenditure.

-Is consumption in China moving up or down?

-Why are people so concerned about a possible downgrading?

Speakers

Pictures

Session of Consumption: Upgrading, or Downgrading? [scene1]
Session of Consumption: Upgrading, or Downgrading? [scene2]
Vie TSENG Chin-I（Financial Presenter, Phoenix Satellite Television； Executive Director, Ifeng Finance Institute）hosts Consumption: Upgrading, or Downgrading? Session
Robert ASPELL（President, Cargill Asia Pacific； Managing Director, Cargill Agricultural Supply Chain Asia）speaks at Consumption: Upgrading, or Downgrading? session
LI Baofang（Chairman, Kweichow Moutai Co., Ltd.）speaks at Consumption: Upgrading, or Downgrading? session
Andy PHAROAH（Senior Vice President, Mars Incorporated）speaks at Consumption: Upgrading, or Downgrading? session
WANG Junzhou（President, Gome Retail Holdings Ltd.）speaks at Consumption: Upgrading, or Downgrading? session
Ran WANG（Founder & CEO, CEC Capital Group）speaks at Consumption: Upgrading, or Downgrading? session
WANG Zhonglei（Co-Founder, Vice Chairman and CEO, Huayi Brothers Media Corporation
Wilfred WONG（President and Executive Director, Sands China Ltd.）speaks at Consumption: Upgrading, or Downgrading? session

Videos